Page 26 - RE-NJ

Jack Fersko
Co-Chair, Real Estate Practice
Robert S. Goldsmith
Co-Chair, Redevelopment & Land
Use Practice
OUR CLIENTS
Our clients include a range of
sophisticated owners of, and
investors in, commercial and
industrial real estate, including
public and private REITs,
international corporations, small to
midsize entrepreneurial investment
entities and historic manufacturing
entities with corporate legacy
properties.
PROJECT SPOTLIGHT
Our team is currently representing
a client in connection with a
prospective $2.3 billion redevelopment
project. This cutting-edge project
is being designed to serve as a
world-class movie and television
production studio that will include 12
production studios with backlot, an
entertainment district with retail and
offi ce space, a multifamily residential
development, a structure that will
include multiple restaurants and
parking, a separate entertainment
overwater pier, a heliport and a
Sean McGowan
Co-Chair, Real Estate Practice
Steven G. Mlenak
Co-Chair, Redevelopment & Land
Use Practice
vertical sky tram connecting the far
ends of the project site. The fi rm’s
representation will include corporate
structuring to accommodate the
multiple and distinct site development
projects and related fi nancing, real
estate acquisition, environmental
due diligence, negotiation of key
redevelopment agreements, land use,
CREATIVE SOLUTION
The fi rm represented Avis
Budget Group in the relocation
of its world headquarters
to a state-of-the-art offi ce
development. Avis located a
building larger than required.
This presented an issue in
that Avis desired to own its
headquarters facility, while
providing contemporary
amenities for its employees,
without the burdens of property
management. To meet our
client’s goals, we negotiated
75 Livingston Avenue
Roseland, NJ 07068
OUR EXPERTISE
♦ Acquisitions, sales and leasing
♦ Environmental
♦ Financing, incentives and
redevelopment
♦ Land use and zoning
♦ Planned real estate
♦ Community associations
♦ Public-private partnerships
♦ Downtown revitalization
♦ Transit-oriented projects
♦ Alternative energy
♦ Commercial property tax
appeals
♦ Construction contracting
♦ Real estate litigation
♦ Cannabis industry
zoning and environmental entitlements
at the local, state and federal levels,
renewable energy oversight, permitting
and transaction documentation and
private debt fi nancing, equity fi nancing
and federal, state and local fi nancing,
including tax credits, tax abatements,
bonds and grants, among other
services.
for the creation of an offi ce
condominium, thereby enabling
Avis to purchase a four-story
offi ce condominium unit within
a larger building. This deal
structure enabled Avis to satisfy
its ownership requirement,
obtain the amenity benefi ts it
desired and avoid the burden
of property management.
This unique transaction was
recognized by NAIOP New
Jersey as a fi nalist for its
prestigious “Deal of the Year”
award.